Business

Carolina Nonwovens will invest $12.2 million in its Maiden plant, adding 35 jobs over three years. A subsidiary of Washington, N.C.-based National Spinning, the company makes nonwoven fabrics for use in products such as bedding and outdoor cushions and insulation for autos and appliances.

A Chicago-based company has put in a third upset bid for an uptown Charlotte property at Stonewall and South Caldwell streets. Morgan Bond Charlotte, which is affiliated with Bond Companies, offered $15.1 million for the 3.8-acre parcel. The initial bid on the property was$12.2 million; Charlotte-based Northwood Ravin recently offered $14.15 million.

Town governments and real-estate rental agencies along the North Carolina coast have had a few inquiries following recent shark attacks at Oak Island and Ocean Isle Beach, though vacationers don't seem to be canceling their summer beach plans.

Wake Forest Baptist Medical Center received $20 million from an anonymous donor to research the use of a type of muscadine grape extract as a treatment for cancer. Native to the southeastern U.S., the muscadine grape contains high levels of antioxidants.

Blue Cross and Blue Shield will launch a lower-cost ACA health-insurance plan available only to residents of seven counties in the Triangle. Costs were not disclosed, though the company said monthly premiums under the limited-network plan will be about 15% lower than its most comprehensive state plans.

Adam O'Neal, the mayor of Belhaven in Beaufort County, is completing his second, 300-mile walk to Washington on Monday and plans a news conference to urge Congress to help save 283 rural hospitals in danger of closing. Belhaven's Pungo District Hospital was shuttered in 2014 after it was acquired by Greenville-based Vidant Health.

Volvo looked at three North Carolina sites before deciding last month it would build its new $500 million auto plant near Charleston, S.C. The Swedish automaker seemed particularly interested in a site near Rocky Mount, according to records released from the N.C. Department of Commerce.